Ford Inside News banner

21 - 40 of 57 Posts

·
Registered
Joined
·
5,933 Posts
Re: the REAL reason GM wants to dump Opel ...lousy 'landlord'...

Possible French Takeover of Opel Ruffles German Feathers
GMi

by Steph Willems - February 15, 2017


...Opel operates three factories on German soil, and regardless of who owns Opel in the future, the country wants those plants to stay put.

German Economy Minister Brigitte Zypries was particularly steamed, calling it “unacceptable” that GM discussed selling its European subsidiary without contacting the German government and local players.

“The company carries responsibility for the sites, the development center and the securing of employment,” she said today. “This is my clear expectation regarding General Motors.”

Opel’s works council and the powerful IG Metall labor union blasted GM over the talks. The two groups issued a joint statement, claiming that discussions with PSA held without their permission amounted to “an unprecedented violation of all German and European co-determination rights.”...

- - - - - - -
&
happened upon Australia's top 10s, Mfgs/models, for January = attached
still need to find out if Holden sells anywhere ELSE?
Did you put that pic upside-down cause Australia?
 
  • Like
Reactions: 2b2

·
Mercury C557
Joined
·
22,734 Posts
Re: PSA to buy GM's Opel

;)
just checking if anyone's paying attention :thumb:


btw @Andrew L
started reading Opel @ wiki due to your post at AV
& cuz it occurred to me (finally sunk in) GM bought Opel just *before* WWII
:surprise2: ...shortly After they bought Vauxhall (wiki)

- - - - - -

other side
...posting in full out of spite for their only letting you see ONE article per day without subscribing...
PSA's Tavares shifts to expansion mode with eye on Opel deal
AutomotiveNews/Bloomberg/Reuters

Ania Nussbaum - February 15, 2017 - UPDATED: Feb 15 11:35 CET - adds Tavares may meet Merkel


PARIS -- The auto racer leading PSA Group is entering the passing lane.

CEO Carlos Tavares is exploring an acquisition of General Motors' European operations, a step that would vault the builder of Peugeot and Citroen cars past Renault into the No. 2 spot among the region's automakers, behind Volkswagen Group.

The takeover would mark Tavares' biggest expansion after years of restructuring that included shutting a plant and freezing pay.
While those moves helped him reach earnings goals ahead of schedule, he is now looking to grow. A deal also would help him emerge from the shadow of the better-known Carlos in the car industry, Renault-Nissan CEO Carlos Ghosn, for whom Tavares worked before leaving in 2013.

"Tavares would be targeting economies of scale, more consolidation in the small-car market, access to key platforms and even new GM technologies," said Vishwas Shankar, a Detroit-based research manager at Frost & Sullivan. "He would also be looking to boost the image of PSA."

Investors embraced the news, lifting PSA shares 4.3 percent, even as some analysts questioned the logic of doubling down in Europe's mature car market. Tavares, a native of Portugal, may be getting the benefit of the doubt from shareholders because he has given them something to cheer about since taking over at the start of 2014. In that stretch, PSA shares climbed 140 percent, compared with a 66 percent gain at Renault and a 20 percent slump at VW.

Tavares declined to comment for this article.

A PSA spokesman said Tavares plans to meet senior German officials in the near future to discuss the possible acquisition Opel. Tavares "intends to meet with Opel's stakeholders in Germany," the spokesman said on Wednesday, without giving any timetable for the talks. Tavares may meet German Chancellor Angela Merkel as part of those discussions, he said.

The French carmaker and GM are discussing numerous strategic initiatives, including the possible sale of Opel to PSA, the companies said on Tuesday, adding there is no assurance an agreement will be reached. The U.S. manufacturer is seeking a multi-billion dollar amount for Opel, which also operates UK sister brand Vauxhall, according to a person familiar with the matter.

Tavares, 57, has never hidden his ambitions. While serving as Ghosn's right-hand man, he told Bloomberg that since he couldn't get the top job at Renault, he wanted to run GM or Ford Motor instead. Two weeks later, Tavares stepped down after more than 30 years at Renault, where he started as a test-driving engineer. A few months later, he joined PSA, which was staggering after the sovereign-debt crisis hit car sales in Europe.

Many at PSA welcomed Tavares as a real car guy, contrary to his predecessor Philippe Varin, who hadn't worked in the industry before joining Peugeot. Tavares has a racing team named after his daughter Clementine, one of his three children, and participates in the storied Monte Carlo classic car rally each year in a vintage Peugeot. At PSA, he built a reputation as a cost cutter, like Ghosn, and as a meticulous professional.

'Unresolved issues'
"If I have only one thing to say to define Carlos, it's the cult of performance," said Franck Don, a representative for the CFTC union at the automaker. "That’s what he taught PSA."

While that helped bring the company back from the edge, it didn't prevent Renault from overtaking PSA as Europe's second biggest carmaker last year. PSA's global deliveries were 3.15 million vehicles in 2016, compared with 3.18 million at Renault and more than 10 million at Volkswagen. In April, Tavares said it was time for PSA to move beyond the revamp and into growth mode.

PSA accelerated its expansion abroad. This included a new plant in China with Dongfeng Motor Group, which acquired a 13 percent stake in the carmaker as part of a bailout with the French state in 2013, and an agreement with an Indian industrial group to build and sell cars in that country. He also plotted a comeback to the U.S., starting by offering car-sharing services.

Tavares could apply his "recent track record on price discipline" to Opel's operations, Goldman Sachs analysts wrote in a note. Opel isn't profitable, even after years of squeezing out costs and upgrading its lineup.

The acquisition also could help PSA make up for lost ground on research and development spending, where it's lagged behind rivals in recent years.

"There are some unresolved issues," said Bertrand Rakoto, an independent automotive analyst based in Detroit, "mainly its weak investment capacity."
.


.
 

·
Registered
Joined
·
1,674 Posts

·
Registered
Joined
·
5,933 Posts
Re: PSA to buy GM's Opel

Does New Zealand count as it's own market or Australia as well cause I am pretty sure Holden is sold there too.
 
  • Like
Reactions: 2b2

·
Mercury C557
Joined
·
22,734 Posts
Re: PSA to buy GM's Opel

just/mainly posting for the FB title:
"Our priorities for the brand haven't changed since Monday."
‘Business As Usual’ As Buick About to Reveal Two Products Amidst Opel-PSA Talks

The Truth About Cars

By Mark Stevenson on February 15, 2017


...What is business as usual?

Regardless of an Opel-PSA deal, one debut from Buick will remain unaffected: the next-generation Buick Enclave. While GM has updated all the Enclave’s platform mates in recent months, Buick’s entry has yet to show its sheetmetal to the public, and that reveal is likely safe thanks to its local production and its separation from Opel. The three-row Enclave is rumored to get a New York reveal in April.

The situation is different for the Buick Regal.

While its reveal, similarly rumored for New York, won’t likely be threatened by a purchase of Opel by PSA, it’s been long assumed GM would move Regal production to Germany and away from its Oshawa plant. Should a deal go through, Oshawa still may not be able to keep the model, as Regal production could join Malibu at GM’s Fairfax Assembly facility in Kansas City, Missouri.

And that’s assuming GM bothers...
.
 

·
Mercury C557
Joined
·
22,734 Posts
Re: PSA to buy GM's Opel

just glanced at...

Why leave Europe's car market? So many reasons
Crowded market, regulations make for brutal competition
AutomotiveNews

Christiaan Hetzner - February 18, 2017



Once Buick's lifeline, Opel isn't so crucial anymore
AutomotiveNews

Michael Wayland - February 17, 2017

...Dave Sullivan, an analyst with AutoPacific Inc., doesn’t believe Buick would be impacted heavily if the sale goes through, as the brand’s focus has shifted to China.
“I don’t think we’re going to feel it here in the U.S. in terms of product life cycles because I think China has taken the lead on Buick development,” Sullivan said...
 

·
Mercury C557
Joined
·
22,734 Posts
Re: PSA to buy GM's Opel

What Would Buick Look Like Without Opel?
The Truth About Cars

By Mark Stevenson on February 17, 2017

...The more things stay the same, the more they change
Opel, by most accounts, is thought of as a feeder for Buick product. You’d be forgiven for taking this approach to understanding General Motors’ global product as many of Opel’s nameplates predate their Buick cousins, and Opel in Europe easily outsells Buick in North America by a factor of four. But flip that on its head by placing Opel in the “Buick Junior” position and you’ll have a better understanding of the dynamics at play within GM.

In 2016, Buick was GM’s second-largest global brand with 1,432,679 sales. Only Chevrolet, with its massive footprint in the Americas (North and South) sold more vehicles — 4,177,484 units over the same period. Opel and Vauxhall combined don’t even make it on the podium; the third place spot goes to Wuling of China with 1,359,638 global sales. Instead, Opel/Vauxhall placed fourth with a combined 1,180,645 sales in 2016. (If you’re wondering, Cadillac is second last, leading Holden by approximately 200,000 sales.)

“Buick is GM’s second-largest international brand with 1.4 million sales in 2016. Our product line has never been broader or fresher, with seven introductions between last year and this year. Our customer base continues to grow and we’re confident in the brand’s future momentum,” said a Buick spokesperson.

So it’s Buick, and not Opel/Vauxhall, that’s driving more volume. And it’s Buick, not Opel/Vauxhall, that’s returning a profit.

Still, this sales counting by brand ignores the east/west balance of power Opel/Vauxhall provides Buick. Combining Opel/Vauxhall sales with Buick’s North American sales gives us a total of 1,429,329 units versus 1,229,804 units sold by Buick in China. Take those million-plus Opel/Vauxhall sales away from the western side of what’s possibly General Motors’ most global trio and you’re left with a Buick that’s distinctly Chinese, and the brand’s decision-making power moves to Shanghai as a result.

With that in mind, taking Opel out of play may not change Buick’s model line much in North America, but it could seriously upend where those products come from...

- - - - - - -

model by model analysis at TTAC
.
 

Attachments

·
Mercury C557
Joined
·
22,734 Posts
'silly season' / PSA to buy GM's Opel ...& Proton?

Proton for PSA, Lotus for Geely?
TheStar.com.my - Business News

by HO WAH FOON - Saturday, 18 February 2017


DRB-Hicom Bhd is most likely to sell a controlling stake in Proton Holdings Bhd to French auto giant PSA Group, which produces Peugeot cars, according to sources.

“PSA is ready to invest a lot of money in Proton and build a new plant in Tanjung Malim, Perak. It has presented the best proposal to rescue and expand Proton’s operation in Asean,” the source says.

But Chinese car manufacturer Geely Automobile Holdings Ltd, the other contender to buy a 51% stake in Proton, may be offered a proposal to take over Lotus from Proton...

...“Proton is of no use to Geely. It wants Proton because of the auto technology in Lotus. And for PSA, which is strong in sport-utility vehicles (SUVs), it is not keen on Lotus,” says the source.

Indeed, China’s government has been encouraging its auto companies to acquire technology that it lacks. The auto sector has been identified as a weak segment within its manufacturing sector.

Invitation by DRB-Hicom for bids to be Proton’s strategic partner closed two days ago. Only PSA and Geely have submitted their proposals, according to press reports...

- - - - - - -

Lotus could be sold to Chinese automaker Geely
We can all hope for Lotus-tuned Volvo wagons

Autoblog
Reese Counts - Feb 20th 2017


...The Star Online reports that PSA in France is rumored to be looking at purchasing Proton cars from DRB-Hicom. In turn, Geely, the parent company of Volvo, is interested in purchasing Lotus from Proton. The report states that Geely has no interest in mass-market vehicles from Proton, while crossover-focus PSA, owner of Peugeot and Citroen, has no interest in a sports car manufacturer like Lotus...

- - - - - - -

had to add/sipe from GMi
Z284ever said:
I saw this cartoon today and thought it appropriate:
 

·
Mercury C557
Joined
·
22,734 Posts
Re: PSA to buy GM's Opel

French Minister of Economic Affairs expects an Opel deal soon
google-translate: Bild.DE
23.02.2017 - 16:18 clock


Paris (dpa) - The French economy and finance minister Michel Sapin is expecting the negotiations on the takeover of Opel by the French car maker PSA to be completed fairly. "As I understand (...) it is the will of the negotiators not to take long," said Sapin on Thursday after a meeting with Federal Minister of Economics Brigitte Zypries (SPD) in Paris. But nothing should be rushed. "This will not happen in the next few days, but it will not be in three months." Several media had reported that the contracts should be signed at the Geneva Motor Show, which starts on March 6th.

- - - edit/'nother - - -

Peugeot boss promises Merkel job guarantee for Opel
Build.DE

published on 22.02.2017 - 14:01


PSA-Peugeot Citroën boss Carlos Tavares has given Federal Chancellor Angela Merkel, according to a government ruling, far-reaching guarantees for the Autobauer Opel in a takeover...

...In talks with Merkel, PSA CEO Tavares emphasized that both companies complement each other well. The French coach told him that Merkel had been "very open" for a takeover.

PSA wants to buy Opel from US-owned General Motors. Opel employs more than 19,000 people in Germany and has factories in Kaiserslautern and Eisenach, as well as a spare parts center in Bochum, in addition to its headquarters in Rüsselsheim.

.
 

·
Mercury C557
Joined
·
22,734 Posts
Re: PSA to buy GM's Opel

GM demands non-compete clauses in return for Opel patents: Spiegel
Reuters

Reporting by Maria Sheahan; additional reporting by Laurence Frost and Ilona Wissenbach; editing by David Clarke - Feb 24, 2017


General Motors (GM.N) has told PSA Group (PEUP.PA) it would only sell licenses for the manufacture of Opel cars to the French company if it agreed not to sell them in North America, Russia or China, German magazine Der Spiegel reported.

Without saying where it got the information, the magazine said under such an agreement Opel would only be allowed to sell new models in those three markets following a possible tie-up with PSA, but not existing ones such as electric car Ampera-e.

PSA declined to comment on the report. Opel was not immediately available for comment...


- - - - - - -

GM, PSA haggle over $9 billion pension gap, report says
AutomotiveNews - Bloomberg

David Welch and Francois De Beaupuy - February 24, 2017


As General Motors tries to hammer out a deal to sell its long-struggling Europe business to PSA Group, one multibillion-dollar issue looms large: how the companies will manage an underfunded pension plan for retirees.

GM’s pension plan for Opel and Vauxhall retirees is underfunded by about $9 billion, according to data compiled by Bloomberg News. PSA would like GM to keep a big chunk of that responsibility, if not all of it, said two people familiar with the discussions, who asked not to be named because talks are private.

There’s a lot at stake for both companies. GM would like to exit Europe and doesn’t want to shoulder the entire pension burden for a business it would no longer own, one of the people said. PSA is willing to take on GM’s troubled business but would prefer to avoid responsibility for the retiree benefits once a deal is done.

“Pensions are one of the reasons that, if you’re PSA, you don’t want to do the deal,” David Whiston, an auto analyst with Morningstar, said in a phone interview. “There may be a way to get it done if GM keeps the obligation but PSA gives them cash.”

Spokesmen for GM and PSA declined to comment...

...Deal terms
One proposal on the table has PSA paying about $2 billion for Opel and Vauxhall, people familiar with the matter said last week. That’s $1 billion for the purchase price and $1 billion toward liabilities, leaving GM to take on the lion’s share of the unfunded pensions...

...It could be worth it for GM to assume a big portion of the pension liabilities over time in order for the company to cut its losses, especially if it doesn’t have to pay for future restructuring, said Maryann Keller, an independent auto industry consultant in Stamford, Conn. GM could redirect what its European capital budget used to be to boost development of new models in the U.S. and China, including self-driving cars.

“If PSA is going to take responsibility for job loss and consolidation costs, then it makes sense for GM,” Keller said...


- - - - - - -

revising my original assessment of the value of Opel: $1bil stuff – $1bil debt =
so now

make that just a Neg $9bil ...hyuge, bright red easter egg
:angel
 

·
Mercury C557
Joined
·
22,734 Posts
Re: PSA to buy GM's Opel

PSA takes first steps to U.S. market entry with ride-sharing service
AutomotiveNews

Peter Sigal - February 23, 2017


PARIS -- PSA Group will be a partner in a ride-sharing service set to begin in April at airports in San Francisco and Los Angeles, taking the first steps toward re-entering the North American market.

TravelCar, a French company that offers peer-to-peer ride-sharing at airports and train stations in Europe, is launching the service after securing an investment of 15 million euros ($15.8 million) from PSA and MAIF, a French insurance company.

Under TravelCar's business model, car owners can receive free parking in return for allowing their vehicle to be rented by travelers, at rates the company says are 50 percent lower than traditional car rentals. It also acts as a broker for reserved parking spaces.

The company, which started in 2012, says it has over 200 agencies in 10 European countries, with 300,000 users. MAIF provides insurance services for TravelCar's owners and renters...

...PSA's five-year strategic plan, "Push to Pass," announced last year, outlines a 10-year strategy for re-entering the North American market. Peugeot last sold cars in the United States market in the early 1990s.
The first step is “to start as a mobility operator from 2017(!)"...
...second step...could be to “develop mobility solutions using our cars”...
...Selling cars in the U.S. would be the third part...
"PSA will not become a global company if it doesn't come back to North America," CEO Carlos Tavares said last April in announcing the plan.

Automakers are moving rapidly to diversify their portfolios with car-sharing and other mobility businesses, with companies including Daimler, BMW and Volvo offering an array of options like "free float" sharing in major cities and business-to-business fleet services.

2nd core business
"We have clearly stated that mobility services is a second core business to the company, along with manufacturing, which is a very strong statement," Christian Sere Annichini, PSA's head of global car sharing and connect fleet business unit, said in a joint interview in Paris on Wednesday with Guy Bulaty, the chief operating officer of TravelCar.

Bulaty said the United States market was crucial for TravelCar's global ambitions. "We are going to the U.S. to stay; this is a long-term movement from TravelCar in association with PSA."

He acknowledged that other peer-to-peer car sharing services had failed to live up to their billing, but he said that TravelCar's lean operations model and local partnerships with garages and other service providers would enable it to succeed.

"We analyzed them and we realized the reasons that these services ended up being closed down was not for the market potential," Bulaty said. "Actually, they had a lot of growth, and the reason they didn't work was for internal financial and operating problems."

He said the U.S. market had "solid fundamentals," including the largest car rental market in the world and growth in both air traffic and car rentals.

Lisa Jerram, a principal research analyst for Navigant, based in Washington, said it was not clear that the TravelCar/PSA venture would succeed where others have not.

"The thing about car sharing is that there are so many other models for how you can provide that service that I think have broader appeal," she said. "It's kind of a narrow group that A.) wants to share their car and B.) wants to get access to a car through something that's very ad hoc."

"I still think the preference for consumers is that either they are going to get the cars that are parked around town, like ZipCar and Daimler's Car2Go, and AutoLib, in Paris," she said, or through ride-hailing services like Uber or Lyft.

PSA is already involved in free-float sharing, PSA's Annichini said, citing Moticity, which offers 350 Citroen vehicles in Berlin, and emov, a car-sharing plan in Madrid that was launched in December with 500 vehicles. The company is partners with the French company Bollore in car sharing operations in Lyon and Bordeaux, France, and it has developed an application called Free2Move that lets users gain access to about 20 car sharing services. "Free2Move" will be PSA's mobility brand.

Annichini said he would not reveal any specific metrics for success, but he said PSA was committed to re-entering the North American market. "In the U.S., this is a long term operation, it's not making a quick test of the market," he said. "From the start, it will be a TravelCar venture, and hence branding, but obviously any kind of development is open."

Cool factor
Jerram, the Navigant analyst, said that regardless of its financial success, the partnership with TravelCar could serve PSA's North American ambitions.

Potential customers in the United States "either don't know their name or they possibly have a negative connotation, so I can see the logic in coming in as a cool car-sharing service kind of company," she said. "It's still a little unclear that this particular application does that for you," she said, "but I can see where that would be a way to reintroduce the company in the U.S. in a way that might strike people, particularly a younger demographic that might even know Peugeot at all."

.
 

·
Mercury C557
Joined
·
22,734 Posts
Official Announcement

Media.GM.com - 2017-03-06
Opel/Vauxhall to join PSA Group


• Establishes PSA Group as #2 in Europe. This strong and balanced presence in its home markets will serve as the basis of profitable growth worldwide
• Joint venture in auto financing with BNP Paribas to support development of Opel/Vauxhall brands
• €2.2 Bn transaction advances GM’s transformation and unlocks shareholder value through disciplined capital allocation

Detroit and Paris – General Motors Co. and PSA Group today announced an agreement under which GM’s Opel/Vauxhall subsidiary and GM Financial’s European operations will join the PSA Group in a transaction valuing these activities at €1.3 Bn and €0.9 Bn, respectively.

With the addition of Opel/Vauxhall, which generated revenue of €17.7 Bn in 20161, PSA will become the second-largest automotive company in Europe, with a 17% market share2.

Creates sound European foundation for PSA to support its worldwide profitable growth
“We are proud to join forces with Opel/Vauxhall and are deeply committed to continuing to develop this great company and accelerating its turnaround,” said Carlos Tavares, chairman of the Managing Board of PSA. “We respect all that Opel/Vauxhall’s talented people have achieved as well as the company’s fine brands and strong heritage. We intend to manage PSA and Opel/Vauxhall capitalizing on their respective brand identities. Having already created together winning products for the European market, we know that Opel/Vauxhall is the right partner. We see this as a natural extension of our relationship and are eager to take it to the next level.”

“We are confident that the Opel/Vauxhall turnaround will significantly accelerate with our support, while respecting the commitments made by GM to the Opel/Vauxhall employees,” continued Mr. Tavares.

Advances GM’s Transformation and Unlocks Value
“We are very pleased that together, GM, our valued colleagues at Opel/Vauxhall and PSA have created a new opportunity to enhance the long-term performance of our respective companies by building on the success of our prior alliance”, said Mary T. Barra, GM chairman and chief executive officer.

“For GM, this represents another major step in the ongoing work that is driving our improved performance and accelerating our momentum. We are reshaping our company and delivering consistent, record results for our owners through disciplined capital allocation to our higher-return investments in our core automotive business and in new technologies that are enabling us to lead the future of personal mobility.

“We believe this new chapter puts Opel and Vauxhall in an even stronger position for the long term and we look forward to our participation in the future success and strong value-creation potential of PSA through our economic interest and continued collaboration on current and exciting new projects,” Ms. Barra concluded.

Strengthens Each Company for the Long Term
The transaction will allow substantial economies of scale and synergies in purchasing, manufacturing and R&D. Annual synergies of €1.7 Bn are expected by 2026 – of which a significant part is expected to be delivered by 2020, accelerating Opel/Vauxhall’s turnaround. Leveraging the successful partnership with GM, PSA expects Opel/Vauxhall to reach a recurring operating margin3 of 2% by 2020 and 6% by 2026, and to generate a positive operational free cash flow4 by 2020.

PSA, together with BNP Paribas, will also acquire all of GM Financial’s European operations through a newly formed 50%/50% joint venture that will retain GM Financial’s current European platform and team. This joint venture will be fully consolidated by BNP Paribas and accounted under the equity method by PSA.

The transaction is another step in GM’s ongoing work to transform the company, which has delivered three years of record performance and a strong 2017 outlook, and returned significant capital to shareholders. It will strengthen GM’s core business, support its continued deployment of resources to higher-return opportunities including in advanced technologies driving the future, and unlock significant value for shareholders.

By immediately improving EBIT-adjusted, EBIT-adjusted margins and adjusted automotive free cash flow and de-risking the balance sheet, the transaction will enable GM to lower the cash balance requirement under its capital allocation framework by $2 Bn, which it intends to use to accelerate share repurchases, subject to market conditions.

GM will also participate in the future success of the combined entity through its ownership of warrants to purchase shares of PSA. GM and PSA also expect to collaborate in the further deployment of electrification technologies and existing supply agreements for Holden and certain Buick models will continue, and PSA may potentially source long-term supply of fuel cell systems from the GM/Honda joint venture.

Additional Information...


.
 

·
Registered
Joined
·
5,933 Posts
Re: PSA to buy GM's Opel

I asked the dumb question on GMI would it be better if GM launched Buick in Europe instead of Chevy. Reason being is that Chevy has such a bad rep maybe it's better to launch with a brand with no rep at all in Europe.
 
  • Like
Reactions: 2b2

·
Registered
Joined
·
1,121 Posts
Re: PSA to buy GM's Opel

Frin the sounds of it the deal is done with PSA buying Opel for 2.3 Billion, making them the 2nd largest manufacturer in Europe. Good chance it will be announced and made official today.
 

·
Registered
Joined
·
1,674 Posts
Re: PSA to buy GM's Opel

The only Chevy's sold in the EU are the Camaro & Vette. Interesting to me that a company that makes lousy drivers cars purchased another company that makes lousy driving cars. Good fit for sure.
 

·
Registered
Joined
·
55 Posts
Re: PSA to buy GM's Opel

Buick, it seems, was actually once sold in Europe. I saw in Wikipedia that the last Buick sold in Europe was, I'm not joking, the PARK AVENUE. Like if anyone bought Park Avenues over there!
 

·
Registered
Joined
·
5,933 Posts
Re: PSA to buy GM's Opel

Buick, it seems, was actually once sold in Europe. I saw in Wikipedia that the last Buick sold in Europe was, I'm not joking, the PARK AVENUE. Like if anyone bought Park Avenues over there!
Yea can't imagine it fitting anywhere besides Germany on the autobahn.
 

·
Registered
Joined
·
1,121 Posts
Re: PSA to buy GM's Opel

I'm honestly expecting to see Buick disappear from the US market. GM has said that design and engineering for the brand will be taken over by China and Korea. I think Buick is in kind of an odd place anyways, cant do too much or they step on Cadillac's toes so they are left to be just a step about Chevy, whos top trim for products have gotten much nicer. I think within the decade we'll see Buick become an Asia only brand.
 
21 - 40 of 57 Posts
Top